July 31st (Steel Guru) – China Chamber of Commerce of Metals, Minerals and Chemicals Importers & Exporters has released the average reference prices for import transactions of ferrous 63.5% Indian iron ore concluded last week on July 28th 2008 as under

Delivery This week Last week
FOB Indian port 136 to 140 135 to 143
CIF Chinese port 180 to 188 182 to 199
     

Price in USD per tonne
The change is with reference to that posted on July 21st 2008

The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry. The China Chamber of Commerce of Metals, Minerals and Chemicals Importers & Exporters are the largest trading association in China.

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July 25th (Steel Guru) – China Chamber of Commerce of Metals, Minerals and Chemicals Importers & Exporters has released the average reference prices for import transactions of ferrous 63.5% Indian iron ore concluded last week on July 21st 2008 as under

Delivery This week Last week
FOB Indian port 135 to 143 135 to 155
CIF Chinese port 182 to 199 185 to 190
     

Price in USD per tonne
The change is with reference to that posted on July 14th 2008

The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry. The China Chamber of Commerce of Metals, Minerals and Chemicals Importers & Exporters are the largest trading association in China.

July 15th (Steel Guru) – The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on July 14th 2008

Delivery Price Change
FOB Indian port USD 135-USD 155 Up by USD 10
CIF Chinese port USD 185-USD 190 None
     

The change is with respect to prices posted on July 7th 2008

The CCCMC reference prices are average prices for import transactions of Fe 63.5% Indian iron ore concluded the week prior to issuance date of such reference prices. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry.

July 1st (Steel Guru) – The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on June 30th 2008

Delivery Price Charge

Delivery Price Change
FOB Indian port USD 140-USD 145 None
CIF Chinese port USD 185-USD 190 None
     

The change is with respect to prices posted on June 23rd 2008

The CCCMC reference prices are average prices for import transactions of Fe 63.5% Indian iron ore concluded the week prior to issuance date of such reference prices. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry.

June 25th (Steel Guru) – The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on June 23rd 2008

Delivery Price Change
FOB Indian port USD 140-USD 145 Up by USD 5
CIF Chinese port USD 185-USD 190 Up by USD 5
     

The change is with respect to prices posted on June 16th 2008

The CCCMC reference prices are average prices for import transactions of Fe 63.5% Indian iron ore concluded the week prior to issuance date of such reference prices. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry.

June 18th (Steel Guru) – The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on June 12th 2008

Delivery Price Change

Delivery Price Change
FOB Indian port USD 135-USD 140 None
CIF Chinese port USD 180-USD 185 None
     

The CCCMC reference prices are average prices for import transactions of Fe 63.5% Indian iron ore concluded the week prior to issuance date of such reference prices. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry.

June 12th (Steel Guru) – The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on June 10th 2008

Delivery Price Change

Delivery Price Change
FOB Indian port USD 133-USD 140 None
CIF Chinese port USD 180-USD 187 None
     

The change is with respect to prices posted on June 2nd 2008

The CCCMC reference prices are average prices for import transactions of Fe 63.5% Indian iron ore concluded the week prior to issuance date of such reference prices. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China’s booming steel industry.